Lennar Corporation

Miami, FL United States

  (NYSE: LEN)

Company Description

Lennar is one of the largest homebuilding, land-owning, loan-making leviathans in the US, along with D.R. Horton and Pulte Homes. The company builds single-family attached and detached homes in 14 states under brand names including Lennar, Camelot, NuHome, and Greystone. Lennar targets first-time, move-up, and active adult buyers and markets its homes as "everything included." The company also provides financial services including mortgage financing, title, and closing services. In fiscal 2010 Lennar delivered some 11,000 homes -- a steep drop from the 33,000 homes delivered just three years earlier -- at an average price of $243,000. CEO Stuart Miller controls some 70% of Lennar.